In conclusion, silver's recent breakout above $32.50 appears to be the beginning of a major bull run, but there are several key factors to watch moving forward.
It's time to extinguish bureaucratic excess before it consumes us. Taxpayers deserve better than this circus of waste and self-interest disguised as public service.
Despite a sharp pullback this morning, gold and silver remain bullish, particularly following a significant 12-year breakout in silver over the past four trading days.
CEO McDonald: "Hole 171 is exciting with an 87-meter-wide zone of silver mineralization... stepping out 50 and 100 meters southeast of CDH 140 and 125."
VP Hernandez: "Overall, these results confirm high-grade silver and gold mineralization at Jimenez, with several veins showing significant exploration potential based on their width."
In COMEX silver futures, swap dealers hold short positions equivalent to 194.43 million ounces of silver, or roughly 23% of the annual global silver production—a staggering figure.
Given the current size of their short position, bullion banks face nearly $200 million in losses for every dollar increase in the price of silver. This means they lost nearly $400 million on Friday alone!
